TENSILE CAPITAL MANAGEMENT LP other names

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Adviser Profile

As of Date:

03/29/2024

Adviser Type:

- Large advisory firm


Number of Employees:

11 -8.33%

of those in investment advisory functions:

7 -12.50%


Registration:

SEC, Approved, 6/29/2012

AUM:

1,908,965,335 6.99%

of that, discretionary:

1,908,965,335 6.99%

GAV:

1,908,965,335 6.99%

Avg Account Size:

318,160,889 6.99%


SMA’s:

YES

Private Funds:

3

Contact Info

415 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
2B 2B 1B 1B 799M 532M 266M
2015 2016 2017 2018 2019 2020 2021 2022 2023


Private Funds Structure

Fund Type Count GAV
Hedge Fund 2 $1,859,638,397
Private Equity Fund 1 $49,326,938

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Private Funds



Employees




Brochure Summary

Overview

A. Tensile Capital Management LP, a Delaware limited partnership headquartered in Larkspur, California, serves as the investment adviser to certain pooled investment vehicles including: Tensile Capital Partners LP (the “Onshore Fund”), Tensile Capital Partners Offshore Fund Ltd (the “Offshore Fund”) and Tensile Capital Partners Master Fund LP (the “Master Fund”). The “Main Fund” refers to one or more of the Onshore Fund, the Offshore Fund, the Master Fund and alternative investment vehicles as described in the Master Fund’s governing documents. In addition, the Registrant (as defined herein) or its affiliates may, in their sole discretion, establish dedicated co-investment vehicles in order to facilitate co-investments for specific investors alongside the Main Fund in one or more investment opportunities where the Main Fund’s General Partner determines that the amount of the available investment opportunity exceeds the amount appropriate for the Main Fund or that any investor in the Main Fund will not participate in the investment due to certain limitations set forth in the Main Fund’s governing documents (such vehicles, the “Co-Investment Vehicles,” and together with the Main Funds, the “Clients,” and each individually, a “Client”). Each of the Clients is exempt from registration under the Investment Company Act of 1940, as amended (the “Investment Company Act”), pursuant to Section 3(c)(7) thereof. Interests in the Clients are privately offered only to investors that are “qualified purchasers” as defined in the Investment Company Act. Certain entities that are affiliated with the Registrant serve as general partners to the Clients (each, a “General Partner”). For purposes of this brochure, the “Registrant” refers to Tensile Capital Management LP, together with, where the context permits, the General Partners and other affiliates that provide advisory services to, or receive fees or performance compensation from, the Clients. In certain cases, the Registrant is entitled to receive performance compensation from its Clients, as discussed further in Item 6. Mr. Douglas J. Dossey and Mr. Arthur C. Young (each a “Managing Partner”) founded the Registrant in July 2012. Together, Messrs. Dossey and Young have a beneficial ownership of the Registrant
that exceeds 75%. B. The Registrant provides discretionary investment advisory services to certain Clients. The Clients’ investment strategy is to achieve capital appreciation through long-term investing in a concentrated portfolio of undervalued publicly traded securities and/or select private investments. The Clients engage in the purchase and sale of a broad range of investment interests and securities. Securities traded generally include but are not limited to: equity, equity-related, hybrid and credit securities that are traded publicly and privately in U.S. and non-U.S. markets, in addition to illiquid securities such as restricted securities of public and private companies. Clients also have in the past and may in the future invest in preferred stocks, convertible securities, warrants, rights, options (including covered and uncovered puts and calls and over-the-counter options), swaps and other derivative instruments, bonds and other fixed income securities, non-U.S. currencies, futures, options on futures, other commodity interests and money market instruments. The Clients also engage in short selling, hedging and other investment strategies. The Registrant provides investment advisory services to each Client in accordance with the governing documents of such Client or separate investment and advisory agreement or investment management agreement. Investment advice is provided directly to the Clients, subject to the discretion and control of the applicable General Partner, and not individually to the investors in the Clients. Investment restrictions for the Clients, if any, are generally established in the organizational or offering documents of the applicable Client, advisory agreements and/or side letter agreements negotiated with investors in the applicable Client (such documents collectively, a Client’s “governing documents”). C. Certain investors in the Clients participate in both the Registrant’s publicly traded securities strategy and private securities investment strategy, while others pursue only one of those strategies. D. The Registrant does not participate in wrap-fee programs. E. As of December 31, 2022, the Registrant manages approximately $1,784,285,262 in regulatory assets under management on a discretionary basis.